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Sequel or reboot? Paramount plays it both ways with new 'Transformers'

Sequel or reboot? Paramount plays it both ways with new 'Transformers'

Big-budget summer movies these days tend to fall into two categories. There's the slate-wiping reboot that deletes all that came before ("Godzilla" and its ilk) and the keep-the-mojo-going sequel that hopes to build (and build and build) on existing stories ("X-Men: Days of Future Past" and its brethren).

Now, Paramount Pictures is trying something more unusual: release a movie that does a little bit of both.

The Hydra-headed creature comes, fittingly, in the form of "Transformers: Age of Extinction," the latest movie about those hulking masses of metal that are themselves two-in-one deals. In a way, Paramount is trying to play the deck from...

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